Tamil Nadu Govt Signs ₹5,900 Crore MoUs with MinebeaMitsumi and Aequs Group

The Tamil Nadu government has signed 2 Memoranda of Understanding (MoUs) with Japan’s MinebeaMitsumi and Bengaluru-based Aequs Group, involving a combined investment of about ₹5,980 crore.  

As per PTI reports, the agreements were signed at the Secretariat in Chennai in the presence of Chief Minister M K Stalin and senior officials.  

An official statement said the 2 projects together are expected to generate around 8,400 jobs across the semiconductor and aerospace manufacturing sectors. 

Aerospace Project in Krishnagiri 

Aequs Group has committed ₹4,000 crore to set up an aerospace and defence manufacturing cluster at the SIPCOT-Shoolagiri Industrial Park in Krishnagiri district.  

The facility will manufacture aircraft engine parts, gearbox components and other precision engineering products. 

The project is expected to create employment for about 7,000 people once operations begin, according to the government's release. 

Semiconductor Facility in Tiruvallur 

NMB Minebea India, a subsidiary of MinebeaMitsumi, will invest ₹1,980 crore to establish a manufacturing and research and development centre in Tiruvallur district. The facility will come up at the Mahindra Origins Industrial Park. 

The proposed unit will produce high-value semiconductor components such as insulated-gate bipolar transistors and integrated circuits, along with motors and sensors. 

Job Profile and Technical Roles 

The semiconductor project is expected to generate around 1,400 jobs. More than 40% of these positions are expected to be for skilled technical staff, including engineering and specialised manufacturing roles. 

Reports suggest that the 2 investments cover advanced electronics and aerospace manufacturing, with employment expected across production, engineering and support functions. 

Read More: Blackstone Bets Big on Chennai with ₹10,000 Crore Hyperscale Data Centre Campus! 

Conclusion 

The 2 MoUs together account for nearly ₹6,000 crore in proposed investments in Tamil Nadu. The projects are to create more than 8,000 jobs across semiconductor and aerospace manufacturing once operational. 

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